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Motorola To Sell Symbian Stake

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Aug 29, 2003, 8:10 AM by (staff)

Motorola plans to sell its 19-percent stake in Symbian, following the expiration yesterday of an agreement that prevented the founding partners from selling their stakes. Nokia and Psion announced plans to purchase the stake jointly, a move which will make Nokia the leading shareholder with 32 percent. Motorola will remain a licensee of Symbian software, and just yesterday announced its first Symbian-based phone - the 3G A920. But the move comes as Motorola begins embracing competing systems. The company recently launched its first Linux-based phone, the A760, and rumors abound that the company is preparing to put its name on a phone running Microsoft's Smartphone OS.

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